Sun Lakes CDP Arizona Income Charts

This section shows the Sun Lakes CDP Arizona economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Sun Lakes CDP depicts it has a Median earnings of $63,077 which is more than all other places in the greater Sun Lakes CDP region. Comparing median earnings per worker to the United States average of $53,269, Sun Lakes CDP is 18.4% larger. Also, versus the state of Arizona, median earnings per worker of $49,611, Sun Lakes CDP is 27.1% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $59,207 which is the second most median income of all the places in the greater Sun Lakes CDP region. The place with the highest median household income in the area is Chandler which depicts a median income of $91,299 (54.2% larger). Comparing median household income to the United States average of $69,021, Sun Lakes CDP is about 16.6% smaller. Also, benchmarked against the state of Arizona, median household income of $65,913, Sun Lakes CDP is about 11.3% smaller.

The next section examines a variety of different income statistics for the Sun Lakes CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $10,000 and $14,999 at 10.8% of the total and is ranked #3. Only #2 Goodyear Village CDP (10.9%), and #1 Casa Blanca CDP (12.5%) are larger. Second, it has the second smallest in order of median earnings of less than $10,000 of all the other places in the metropolitan area in order of earnings between $15,000 and $19,999 at 19.7% of the total. Third, it has one of the largest proportions of earnings between $20,000 and $49,999 at 23.0% of the total and is ranked #2. The only larger place being Chandler with 23.3%. Also, it has one of the largest proportions of earnings between $75,000 and $99,999 at 15.4% of the total and is ranked #2. The only larger place being Chandler with 19.4%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.5 which is the second most average hours of all the places in the greater Sun Lakes CDP region. The place with the highest average hours in the area is Chandler which depicts an average hours of 39.7 (only about 3.1% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $31.51 which is the largest of all places in the greater Sun Lakes CDP region. Comparing average hourly earnings to the United States average of $26.40, Sun Lakes CDP is 19.3% larger. Also, compared to the state of Arizona, average hourly earnings of $24.59, Sun Lakes CDP is 28.1% larger.

Figure 7 examines the number of self employed people in the Sun Lakes CDP metro area based on the number of people who reported any self employment income. Sun Lakes CDP shows it has a Self Employed of 6.0% which is the third most people self employed of all other places in the greater Sun Lakes CDP region. The place with the highest percentage of people self employed in the area is Stotonic Village CDP which depicts a percentage self employed of 16.2% (approximately 2.7 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $250,001 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $88,846 of the total and is ranked #2. The only larger place being Chandler with $110,998. Third, it has one of the largest proportions of median income-45 to 64 years at $53,056 of the total and is ranked #2. The only larger place being Chandler with $61,624.

Figure 9 breaks down the source of income and Sun Lakes CDP has the largest proportion of income from wages at 4.5% of the total and is ranked #1. Second, it has the largest proportion of self employment income at 42.1% of the total and is ranked #1. Third, it has the largest proportion of investment and retirement income at 27.8% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 58.9% which is the most of all places in the metro area.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $81,490 of the total and is ranked #2. The only larger place being Chandler with $107,159. Second, it has one of the largest proportions of hawaiian family income at $63,092 of the total and is ranked #2. The only larger place being Chandler with $82,234.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Sun Lakes CDP shows it has the hightest cost of 130.1 for the cost of housing grouping.

Sun Lakes CDP Arizona Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 7.9% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 53.2%. Since that time, the monthly unemployment rate has gone to 3.2% This represents a decrease in the monthly unemployment rate of 13.5%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 133,892 to 149,833 in March 2020. This represents an increase in the monthly labor force participation of 11.9%. Since that time, the monthly labor force participation has gone to 156,328 This represents an increase in the monthly labor force participation of 4.3%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Sun Lakes CDP depicts it has a Unemployment Rate of 1.4% which is the second smallest when sorted by unemployment rate of all the other places in the metro area. The place with the highest unemployment rate in the area is Goodyear Village CDP which depicts a rate of 15.0% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Sun Lakes CDP shows it has a Labor Force Participation of 22.2% which is the second smallest in order of participation rate of all the other places in the metro area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Sun Lakes CDP has one of the largest proportions of unemployed at 77.8% of the total and is ranked #2. The only larger place being Lower Santan Village CDP with 80.5%.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Sun Lakes CDP depicts full time employees approximately 3.1 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Sun Lakes CDP area. Sun Lakes CDP indicates it has a Single Earner Families of 21.6% which is the third most families with a single earner of all other places in the greater Sun Lakes CDP region. The place with the highest families with a single earner in the area is Stotonic Village CDP which shows a single earners rate of 100.0% (approximately 4.6 times bigger). The percentage of families with no one working is depicted in Figure 22. Sun Lakes CDP shows it has a Families with No One Working of 65.9% which is the second most families with no one working of all the places in the greater Sun Lakes CDP region. The place with the highest families with no one working in the area is Lower Santan Village CDP which shows a families with no worker of 100.0% (51.7% larger).

Sun Lakes CDP Arizona Poverty Charts

The next section details economy analysis about poverty for residents of the Sun Lakes CDP community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Sun Lakes CDP depicts it has a Total In Poverty of 1,046 which is the second most of all the places in the greater region. The place with the highest total people earning less than the poverty level in the area is Chandler which shows a total people earning less than the poverty level of 20,397 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sun Lakes CDP shows it has a Percent of Population In Poverty of 7.5% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Wet Camp Village CDP which shows a percent of people in poverty of 74.5% ( markedly bigger).

In Figure 25 people who are in poverty are broken out by age group. Sun Lakes CDP has the percentage of person in poverty 12 to 17 years less than most other places in the greater region at 1% of the total. Second, it has the second smallest when ranked by person in poverty under 12 years of all the other places in the local area in order of person in poverty 18 to 34 years at 2% of the total. Third, it has the largest proportion of person in poverty 35 to 54 years at 19% of the total and is ranked #1. Also, it has the largest proportion of person in poverty 55 to 64 years at 79% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Sun Lakes CDP has the percentage of hawaiian poverty rate less than most other places in the metro area at 7% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Sun Lakes CDP has the smallest proportion of less than highschool in poverty at 10% of the total. Second, it has one of the largest proportions of has some college and in poverty at 7% of the total and is ranked #2. The only larger place being Casa Blanca CDP with 74%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Sun Lakes CDP has the percentage of people who are in poverty and unemployed the second smallest when ranked by people who are in poverty and employed of all the other places in the metro area at 12.5% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Sun Lakes CDP depicts it has a Public Assistance Percent of 1.4% which is less than most other places in the greater region. The place with the highest households with public assistance in the area is Casa Blanca CDP which depicts a households with public assistance of 23.3% ( substantially bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Sun Lakes CDP depicts it has a Gini Index of 44.4% which is less than most other places in the area.

Sun Lakes CDP Arizona Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Sun Lakes CDP community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Sun Lakes CDP has the largest proportion of people who bicycle or walk to work at 18% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Sun Lakes CDP or elsewhere.) Sun Lakes CDP has the percentage of people who carpooled the second smallest when ranked by people who drove alone of all the other places in the local area at 3% of the total. Second, it has the largest proportion of people who bike at 1% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 7% of the total and is ranked #1. Also, it has the largest proportion of people who work from home at 18% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Sun Lakes CDP has one of the largest proportions of people who leave for work between 12am to 5am at 6% of the total and is ranked #3. Only #2 Casa Blanca CDP (6%), and #1 Lower Santan Village CDP (100%) are larger. Second, it has the largest proportion of people who leave for work between 6am to 630am at 20% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 830 am to 9am at 12% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Sun Lakes CDP has the largest proportion of people with commute time of less than 5 minutesutes at 22% of the total and is ranked #1. Second, it has in the mid point range of other places in the surrounding region when ranked by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the largest proportion of people with commute time between 60 to 89 minutes at 3% of the total and is ranked #1.

The average commute time is shown in Figure 37. Sun Lakes CDP depicts it has a Avg Commute Time of 26 which is ranked #1 of all places in the greater Sun Lakes CDP region. Figure 38 shows the difference between male versus female commuting time. Sun Lakes CDP shows average commute time in minutes for men 20.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Sun Lakes CDP has one of the largest proportions of no vehicle available at 39% of the total and is ranked #3. Only #2 Casa Blanca CDP (40%), and #1 Wet Camp Village CDP (76%) are larger. Second, it has one of the largest proportions of 1 vehicle available at 47% of the total and is ranked #3. Only #2 Goodyear Village CDP (70%), and #1 Lower Santan Village CDP (100%) are larger. Third, it has one of the largest proportions of 3 vehicles available at 1% of the total and is ranked #3. Only #2 Chandler (8%), and #1 Stotonic Village CDP (83%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Sun Lakes CDP shows it has a Work in city or place where live of 29% which is the second most people who both work and live in the same city of all the places in the greater Sun Lakes CDP region. The place with the highest people who both work and live in the same city in the area is Chandler which shows a people who both work and live in the same city of 42% (44.9% larger). Comparing people who both work and live in the same city to the United States average of 44%, Sun Lakes CDP is approximately three-fourths the size. Also, compared to the state of Arizona, people who both work and live in the same city of 49%, Sun Lakes CDP is approximately three-fourths the size.

Sun Lakes CDP Arizona Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Sun Lakes CDP depicts it has the hightest median earnings of $155,750 for the management, business, and financial occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and Sun Lakes CDP depicts it has the hightest median earnings of $88,458 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Sun Lakes CDP employment data in terms of job categories and salary data.

Sun Lakes CDP Arizona Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Sun Lakes CDP indicates it has the hightest entrepreneurs of 55% for the self employed in sales and office related businesses classification.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Sun Lakes CDP shows it has the hightest entrepreneurs of 46% for the self employed in finance, insurance, real estate, rental and leasing aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Sun Lakes CDP shows it has a Self Employment Income of $57,075 which is at the top of all other places in the greater Sun Lakes CDP region. Comparing average annual self employment income to the United States average of $42,141, Sun Lakes CDP is 35.4% larger. Also, compared to the state of Arizona, average annual self employment income of $38,856, Sun Lakes CDP is 46.9% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Sun Lakes CDP depicts total number of self-employed men about twice as large as the total number of self-employed women.